Omni-Lite to supply $1.5-million (U.S.) in orders
Omni-Lite Industries Canada Inc.
October 16, 2007
Omni-Lite Industries Canada Inc. has received several new orders in the military, aerospace, automotive, and sports and recreation divisions. The total value of these orders is approximately $1.5-million (U.S.). These orders are in addition to those announced in Stockwatch on Sept. 26, 2007. This brings the combined value of the orders received by the company in the last 10 weeks to approximately $3.2-million (U.S.). These orders have significantly increased the company's backlog for the remainder of 2007 and the first nine months of 2008.
Allen W. Maxin, vice-president of operations support, stated: "To meet the customer requirements of these ongoing programs and to continue the research and development into the new programs that the company has undertaken will require the utilization of the new equipment purchased in the Vision 2010 program. To support these efforts, the first six-die progressive cold forging system arrived in the Cerritos facility on Oct. 10, 2007, and will be commissioned by the end of October. It will be utilized in the aerospace or military division of the company on one of several new projects. It is clear that the military and aerospace divisions will lead the growth of Omni-Lite for the next couple of years."
Except for historical information contained herein this document contains forward-looking statements. These statements contain known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein.
THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE
INFORMATION CONTAINED HEREIN.
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